I really like the company and where they are going but it looks like they are going to have to raise more cash to get there. Current ratio of 1 and a $5.1M cash burn from operations for the year.
I’m going to buy a small parcel and hope that there is a SPP as part of a placement. It’s so thinly traded it’s hard to buy a meaningful parcel.
CHL Price at posting:
$2.24 Sentiment: Buy Disclosure: Not Held
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